$LPRO
Open Lending Corp

2022 Q3 Form 10-Q Financial Statement

#000162828022021358 Filed on August 05, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $50.66M $52.04M $50.07M
YoY Change -13.98% -14.86% 13.77%
Cost Of Revenue $5.199M $5.085M $4.788M
YoY Change -18.51% 22.83% 42.42%
Gross Profit $45.46M $46.96M $45.28M
YoY Change -13.43% -17.59% 11.4%
Gross Profit Margin 89.74% 90.23% 90.44%
Selling, General & Admin $15.32M $11.96M $11.22M
YoY Change 45.8% 5.53% 5.71%
% of Gross Profit 33.69% 25.47% 24.77%
Research & Development $2.355M $2.188M $1.823M
YoY Change 85.73% 183.05% 208.46%
% of Gross Profit 5.18% 4.66% 4.03%
Depreciation & Amortization $66.00K $310.0K $304.0K
YoY Change -77.4% 110.88% -21.65%
% of Gross Profit 0.15% 0.66% 0.67%
Operating Expenses $17.67M $14.15M $13.04M
YoY Change 50.1% 16.86% 16.41%
Operating Profit $27.79M $32.81M $32.24M
YoY Change -31.78% -26.89% 9.5%
Interest Expense $1.608M $1.124M $803.0K
YoY Change 67.67% 0.18% -75.59%
% of Operating Profit 5.79% 3.43% 2.49%
Other Income/Expense, Net -$239.0K $0.00 $0.00
YoY Change -8066.67% -100.0% -100.0%
Pretax Income $26.27M $31.71M $31.46M
YoY Change -34.04% -68.05% 81.54%
Income Tax $1.700M $8.600M $8.300M
% Of Pretax Income 6.47% 27.12% 26.38%
Net Earnings $24.53M $23.13M $23.15M
YoY Change -16.61% -69.56% 80.02%
Net Earnings / Revenue 48.42% 44.44% 46.25%
Basic Earnings Per Share $0.19 $0.18 $0.18
Diluted Earnings Per Share $0.19 $0.18 $0.18
COMMON SHARES
Basic Shares Outstanding 126.2M shares 126.2M shares 126.2M shares
Diluted Shares Outstanding 126.2M shares 126.2M shares 126.2M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $201.8M $167.7M $147.4M
YoY Change 122.1% 193.41% 16.07%
Cash & Equivalents $201.8M $167.7M $147.4M
Short-Term Investments
Other Short-Term Assets $3.515M $3.341M $1.749M
YoY Change 366.8% 426.97% 78.47%
Inventory
Prepaid Expenses
Receivables $6.654M $6.960M $8.060M
Other Receivables $2.329M $4.309M $2.090M
Total Short-Term Assets $283.2M $259.1M $220.6M
YoY Change 71.06% 93.69% 15.44%
LONG-TERM ASSETS
Property, Plant & Equipment $2.789M $2.791M $2.792M
YoY Change 4.69% 8.14% 73.63%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $459.0K $152.0K $157.0K
YoY Change 270.16% 22.58% 26.61%
Total Long-Term Assets $115.8M $107.8M $122.1M
YoY Change -9.34% -15.41% -10.0%
TOTAL ASSETS
Total Short-Term Assets $283.2M $259.1M $220.6M
Total Long-Term Assets $115.8M $107.8M $122.1M
Total Assets $399.0M $366.8M $342.7M
YoY Change 36.05% 40.47% 4.88%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $183.0K $421.0K $195.0K
YoY Change -87.2% -78.81% -93.48%
Accrued Expenses $8.838M $6.105M $5.510M
YoY Change 20.07% 20.41% 37.96%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $3.750M $3.906M $3.125M
YoY Change 20.0% 24.99% 0.0%
Total Short-Term Liabilities $16.98M $14.02M $12.41M
YoY Change -0.41% -4.28% -34.72%
LONG-TERM LIABILITIES
Long-Term Debt $144.5M $141.0M $142.4M
YoY Change 0.45% -2.46% -16.32%
Other Long-Term Liabilities $4.231M $4.371M $4.508M
YoY Change -95.12%
Total Long-Term Liabilities $144.5M $141.0M $142.4M
YoY Change 0.45% -2.46% -45.76%
TOTAL LIABILITIES
Total Short-Term Liabilities $16.98M $14.02M $12.41M
Total Long-Term Liabilities $144.5M $141.0M $142.4M
Total Liabilities $165.7M $159.3M $159.4M
YoY Change 0.02% -2.87% -44.4%
SHAREHOLDERS EQUITY
Retained Earnings -$211.6M -$236.2M -$259.3M
YoY Change -31.77% -30.46% -37.6%
Common Stock $1.282M $1.282M $1.282M
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $56.22M $56.40M $56.68M
YoY Change -2.22% -1.91% 51.14%
Treasury Stock Shares 1.980M shares
Shareholders Equity $233.3M $207.5M $183.4M
YoY Change
Total Liabilities & Shareholders Equity $399.0M $366.8M $342.7M
YoY Change 36.05% 40.47% 4.88%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $24.53M $23.13M $23.15M
YoY Change -16.61% -69.56% 80.02%
Depreciation, Depletion And Amortization $66.00K $310.0K $304.0K
YoY Change -77.4% 110.88% -21.65%
Cash From Operating Activities $31.41M $21.66M $31.93M
YoY Change -11.37% 53.11% 69.54%
INVESTING ACTIVITIES
Capital Expenditures -$273.0K -$178.0K $186.0K
YoY Change -71.08% -78.83% 6100.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$273.0K -$178.0K -$186.0K
YoY Change -71.08% -78.83% 6100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 2.912M -805.0K -$820.0K
YoY Change -472.86% -99.03% -112.31%
NET CHANGE
Cash From Operating Activities 31.41M 21.66M $31.93M
Cash From Investing Activities -273.0K -178.0K -$186.0K
Cash From Financing Activities 2.912M -805.0K -$820.0K
Net Change In Cash 34.05M 20.67M $30.93M
YoY Change 0.99% -129.7% 21.31%
FREE CASH FLOW
Cash From Operating Activities $31.41M $21.66M $31.93M
Capital Expenditures -$273.0K -$178.0K $186.0K
Free Cash Flow $31.68M $21.83M $31.75M
YoY Change -12.92% 45.71% 68.57%

Facts In Submission

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PaymentsToAcquirePropertyPlantAndEquipment
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RepaymentsOfLongTermLinesOfCredit
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PaymentsOfDeferredFinancingsCosts
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lpro Payments Of Deferred Financings Costs
PaymentsOfDeferredFinancingsCosts
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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lpro Payments For Settlement Of Tax Receivable Agreement
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lpro Payments For Settlement Of Tax Receivable Agreement
PaymentsForSettlementOfTaxReceivableAgreement
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us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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PaymentsForRepurchaseOfCommonStock
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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us-gaap Interest Paid Net
InterestPaidNet
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us-gaap Interest Paid Net
InterestPaidNet
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us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
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us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
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lpro Accrued Intangible Assets Costs
AccruedIntangibleAssetsCosts
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lpro Accrued Intangible Assets Costs
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us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
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us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
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us-gaap Number Of Operating Segments
NumberOfOperatingSegments
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CY2022Q2 us-gaap Contract With Customer Asset Cumulative Catch Up Adjustment To Revenue Change In Measure Of Progress
ContractWithCustomerAssetCumulativeCatchUpAdjustmentToRevenueChangeInMeasureOfProgress
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us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
The Company’s three largest insurance carrier partners accounted for 38%, 11% and 11% of the Company’s total revenue during the three months ended June 30, 2022 and 38%, 13% and 10% during the six months ended June 30, 2022. The Company’s two largest insurance carriers accounted for 43% and 24% of the Company’s total revenue during the three months ended June 30, 2021 and accounted for 43% and 23% for the six months ended June 30, 2021. In the event that one or more of the Company’s significant insurance carriers terminates their relationship with the Company, it could have a material and adverse effect on the Company’s business and, in turn, its revenue. Financial instruments that potentially subject the Company <div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">to credit risk consist of cash and cash equivalents, restricted cash, accounts receivable and contract assets to the extent of the amounts recorded on the balance sheets.</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Cash and cash equivalents are deposited in commercial analysis and savings accounts at two financial institutions, both with high credit standing. Restricted cash relates to funds held by the Company on behalf of the insurance carriers, delegated for the use of insurance claim payments. Restricted cash is deposited in commercial analysis accounts at one financial institution. The Company has not experienced any losses on its deposits of cash and cash equivalents and management believes the Company is not exposed to significant risks on such accounts.</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">At June 30, 2022, the Company had one customer that individually accounted for 10% of the Company’s net accounts receivable. At December 31, 2021, the Company had two customers that each represented 10% of the Company’s net accounts receivable. </span></div>The Company does not have material accounts receivable or contract asset balances that are past due and has not written off any material balance in its portfolio for the periods presented. The allowance for expected credit losses on accounts receivable and contract assets receivable was less than $0.2 million at June 30, 2022 and December 31, 2021.
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
200000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
200000 usd
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts in the condensed consolidated financial statements and accompanying notes. Actual results could differ from those estimates, and those differences may be material. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to estimates are recognized prospectively.</span></div><div style="margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The most significant items subject to such estimates and assumptions include, but are not limited to, profit share revenue recognition and the corresponding impact on contract assets, the recognition of the valuations of share-based compensation arrangements, and assessing the realizability of deferred tax assets. These estimates, although based on actual historical trend and modeling, may potentially show significant variances over time.</span></div>In connection with profit share revenue recognition and the estimation of contract assets under Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASC 606”), the Company uses forecasts of loan-level earned premium and insurance claim payments. These forecasts are driven by the projection of loan defaults, prepayments and default severity rates. These assumptions are based on the Company’s observations of the historical behavior for loans with similar risk characteristics. The assumptions also take into consideration the forecast adjustments under various macroeconomic conditions, including the current mix of the underlying portfolio of our insurance partners. As a result of the changes in facts and circumstances and general market conditions for the three and six months ended June 30, 2022, management has accordingly adjusted these assumptions.
CY2022Q1 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
107452000 usd
CY2022Q2 us-gaap Contract With Customer Asset Increase Decrease For Contract Acquired In Business Combination
ContractWithCustomerAssetIncreaseDecreaseForContractAcquiredInBusinessCombination
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CY2022Q2 us-gaap Contract With Customer Asset Reclassified To Receivable
ContractWithCustomerAssetReclassifiedToReceivable
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CY2022Q2 lpro Payments Received From Insurance Carriers
PaymentsReceivedFromInsuranceCarriers
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CY2022Q2 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
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CY2022Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
106748000 usd
CY2021Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
112956000 usd
us-gaap Contract With Customer Asset Increase Decrease For Contract Acquired In Business Combination
ContractWithCustomerAssetIncreaseDecreaseForContractAcquiredInBusinessCombination
96644000 usd
us-gaap Contract With Customer Asset Cumulative Catch Up Adjustment To Revenue Change In Measure Of Progress
ContractWithCustomerAssetCumulativeCatchUpAdjustmentToRevenueChangeInMeasureOfProgress
-5465000 usd
us-gaap Contract With Customer Asset Reclassified To Receivable
ContractWithCustomerAssetReclassifiedToReceivable
39978000 usd
lpro Payments Received From Insurance Carriers
PaymentsReceivedFromInsuranceCarriers
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us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
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CY2022Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
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CY2022Q2 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
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CY2021Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
70500000 usd
CY2022Q2 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
33400000 usd
CY2021Q4 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
42400000 usd
CY2022Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1229000 usd
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1396000 usd
CY2022Q2 us-gaap Long Term Debt
LongTermDebt
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CY2021Q4 us-gaap Long Term Debt
LongTermDebt
146260000 usd
CY2022Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
3906000 usd
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
3125000 usd
CY2022Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
140959000 usd
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
143135000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-8800000 usd
CY2022Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1200000 usd
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
988000 usd
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
927000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2269000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1628000 usd
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
988000 usd
CY2021Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
927000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2269000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1628000 usd
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
194348 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
33.56
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
8440 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
33.56
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
185908 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
33.56
CY2022Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
17933000 usd
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y9M21D
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
23126000 usd
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
75966000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
46280000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
88828000 usd
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
126221689 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
126230752 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
126218710 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
126515343 shares
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.18
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.60
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.37
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.70
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
23126000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
75966000 usd
us-gaap Net Income Loss
NetIncomeLoss
46280000 usd
us-gaap Net Income Loss
NetIncomeLoss
88828000 usd
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
126221689 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
126230752 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
126218710 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
126515343 shares
CY2022Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
677 shares
CY2021Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
43445 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
405 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
38739 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
126222366 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
126274197 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
126219115 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
126554082 shares
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.18
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.60
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.37
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.70
CY2022Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
963344 shares
CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
299053 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
963344 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
299053 shares
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8600000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
16900000 usd
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
23300000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
27700000 usd
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.271
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.267
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.234
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.238

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